Are you in panic whenever there is a big drop in price?

[TunchikV]

When you are a crypto trader you should have strong nerves! Everyday coins may pump or dump so it’s high opportunity to lose as well as earn. Just when coinmarketcap is all red it’s better just to hold. Sometimes this period of stagnation can last for years but once everything will grow again. That’s why I don’t afraid of this drop

[blue_nexus15]

we don't know if it will go further and so are the other top coins in the market, are you in panic, nervous that the market is bleeding like this, or do you accept this as part of the market movement, what kind of trader are you

I come to the market late 2017. Really experienced a lot of emotions, every moment the price falls, at first really worried, and panic, afraid everything disappears, worthless. But over time, with the exploration of knowledge and the vibrant industry of crypto. I realized that, slowly and patiently, what is the trend after each sale? it is pure, is objectivity a natural process. then the panic will disappear.

[adekogbe]

only a novice will be in panic mode when there is a drop in price
if you know hoe to analyze candlestick patterns for reversal signs, exhaustion, change in momentum etc, you can easily anticipate the drop of price and can benefit from it by shorting that cryptocurrency.
most crypto investors follow the crowd in their decision to buy or sell, this is the wrong way to do, educate yourself and youll make money.

[IkonaDro4ku]

When we talk about the market we mean volatility. So for me this is the expected part of the movement and I try to be ready for this. In any case, we should always be prepared for big movements in the other direction.

[bennypagulayan]

To say, not to panic when the red trend persists, that's fallacy.  Anyone who has an expertise or is a newcomer to crypto has the pressure and psychology to act on reason.  Investing millions of dollars is different from a few thousand dollars, the more you invest, the greater the pressure.  The important thing is to reinforce the belief, suppress the psychology to overcome the daze.  it is the premise for success in this place.

[Zeehaxan]

I'm sure everybody have checked and saw the big drop -18.8% in 24 hours to be exact and keeps going down, we don't know if it will go further and so are the other top coins in the market, are you in panic, nervous that the market is bleeding like this, or do you accept this as part of the market movement, what kind of trader are you

Yes i do feel the palpitations especially when im quite sure that bulls will continue but suddenly market dips badly but then i say to myself that im not in a hurry to sell so it does not matter and try to avoid the market by doing something else and wait for market to bounce back.

[blckhawk]

I'm sure everybody have checked and saw the big drop -18.8% in 24 hours to be exact and keeps going down, we don't know if it will go further and so are the other top coins in the market, are you in panic, nervous that the market is bleeding like this, or do you accept this as part of the market movement, what kind of trader are you

I am a holder but sometimes I do spot trading and yeah some coins are undeniably dumped right now and some of them somehow stabilize like Bitcoin which is hovering around $30k-$31k. But anyway, panicking will not do anything good in fact it could make your trade even more which leads to your loss. Instead, think of something that could help you to manage and turn the tide on your side. Holders won't have any problem with it because if there will be some dip they will take the opportunity to buy and hold until they reach their target price. You know how volatile the crypto market is that is why you gotta adjust with it otherwise you'll be in trouble.

[cabron]

Like anyone, I would scramble to check the tradingview chart I have to see if it's a big drop that it would be too late for me to sell. Just as it happened last Jan 11. Its a shard decline but went up after. I wouldn't really panic after all I'm investing my own money, not someone else that I would be blame in the end.

If you chase some profit right when prices drops, you may start selling too hoping the price will continue to drop so you can buy back and stash satoshis. its a confusing days actually sometimes you see the indicators tells its about to go down but institutions are buying more BTC that is why it seems not really dropping sharply.

[tabas]

It is normal being panic but you should realize that the drop won't happen forever.

And this is the same as pumping.

As long as you hold the coins which have a big chance to soar this year, you don't need being too panic.

True to that. Most holders won't panic even if there's a drop, we even buy when that time comes and gets more bitcoin or ethereum or any altcoin that we think has a potential.

If you cannot make profits for the short term, then you can plan to take profits when the price achieve your target. The price should go up and down, you just need to wait for the rising up time.

Very easy to understand principle of investing.

[marlo1001]

Crypto teached me to keep calm. Every big drop makes me sad but im not in panic after it

[SirLancelot]

As a trader, of course we must be prepared to face all the possibilities that occur in the market, like now there is a decline in altcoin prices, but if we see the decline as a good opportunity to buy some altcoins and sell them when the price starts to increase again, with the current conditions of course altcoin price corrections can occur at any time and of course we must be ready to face it and take the opportunity to make a profit.

I would say trying to take advantage of the waves of altcoin movements is something every trader will try, but only a great trader will come out profitable. It could go up and down and if you are a great trader you will profit from those ups and downs, but if you are a bad trader you will buy high and sell low like all the jokes we talk about.

All those messages about "as soon as I bought bitcoin price started to go down" are actually not jokes, and it is not coincidence neither because those people see bitcoin going super high and they buy it and price goes down of course, not because they bought and they are unlucky but because they got in after it went super high, they were too late. Long story short it is about the trader and his abilities and talents, if it is a good trader he will use these moves to profit whereas if he is bad he will end up losing it all.

[meldrio1]

When I was a newbie I always panicked when the market went down sharply but now everytime the market is going down I see the opportunity to make money in the future, I really buy a coin at low price. It is just part the market movement..it will recover as long is not a shit coin that you invested because most of the shit coin will be dead no volume at all.

[angrynerd88]

I do not freeze but take drop of cost as an opportunity, Still accept in case the cost of Driving coins like BTC,ETHER,BNB etc increment more, Therefore I still hold my coins, since in my supposition this is often a characteristic development of the market circumstance and of course this can be my chance to purchase more Ethereum and hold, since I accept that soon the cost of Ethereum will increment once more and allow me a huge profit. It is nice hone purchase in ruddy and offer in green.

[bitcoin-shark]

even if after all i am a holder i don't want to suffer further losses due to sudden price changes, so i put many stop loss in the various exchanges so i should be calm but a bit of panic comes anyway

[kenelmark]

Depend on the news, if the price drop because of the market correction i'll be fine and not panic at all.
But if something bad happen into my investment like "got hacked or stolen" so it's gonna make me so panic and maybe gonna sell my investment as fast as i can.

Actually, you don't have to panic either, because there are still ways to overcome it, namely by selling as quickly as possible and moving the assets to another place, which in our opinion is still very safe to store, but most people here always panic when there is a market correction.

[sulendra12]

I'm sure everybody have checked and saw the big drop -18.8% in 24 hours to be exact and keeps going down,

It affects your mental directly, it is a normal behavior when this type of event happens. I bet almost all of us have experienced this thing over and over when we are trading including me. But I mean then it comes to the challenge, it's not a great pleasure if you just do it without challenge and pressure, right?

we don't know if it will go further and so are the other top coins in the market, are you in panic, nervous that the market is bleeding like this, or do you accept this as part of the market movement

Accept the market movement and make a decision quickly, so your wallet is not continuously bleeding.

[kapalmabur]

every trader will surely feel panic if the price decreases, even many of them decide to sell and only the losses are obtained ... but in the end it will reverse direction and they will regret it.  it happens to me so often.  but I am still happy and enjoy trading.

It is a trap, whales are always like that, because of the many liquidations that are attached at a certain price,
and of course they are playing with it. how to avoid it is quite easy, don't be greedy and always use stop lose,
and manage emotions when trading, oh yes, stop lose -5% of the support point. hope this helps.

[k@suy]

every trader will surely feel panic if the price decreases, even many of them decide to sell and only the losses are obtained ... but in the end it will reverse direction and they will regret it.  it happens to me so often.  but I am still happy and enjoy trading.

it is normal to feel shock or to feel nervous when the price went down so easily. But we cannot erase the fact that we need to grow and have more experience so that we will not be nervous anymore but instead it will help us to think positively even the price decreases only if we already know that how to read trends to read charts to read some news before anything else. We should learn these things through time and hardwork. Getting nervous is normal.

[Cling18]

Everyone in crypto feels the same every time the price drops. As time goes by you will get used to it. I try to keep my composure as much as possible since it will affect my decision making. It is either I cut my losses, HODL, or buy during the dip to average the cost of my investment that is how I handle the dip.

[devollito]

I am not in panic everytime the price drop, because i still believe the price will be back again, especially when i saw institutional entity entering this market with their very big fresh fund. Another reason is i only put my saving money not daily use money to put in my crypto portofolio. If you oanicking everytime it drops you will broke and staying poor for the next decade.